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ceiling fight. >> i think there's going to be a whole new field of battle when the debt ceiling rolls around. >> our opportunity here is on the debt ceiling. this is where we have leverage. >> remember that the gop vowing to hold the country hostage for cuts? they had the leverage, getting ready to fight. speaker boehner even tried his hand at extortion saying, "there's a price for everything." but, now, here comes the cave. today, republicans in the house voted to suspend the debt ceiling. what about the hostage-taking? not this time. and remember all the usual bluster in those press conferences of theirs? today, the gop leaders ducked the press. only a few print reporters, boehner's camera man and a lone fox news camera were there to capture their comments in their entirety. huh? so why the sudden change? >> the full faith and credit of the united states of america is not a bargaining chip. we are not a deadbeat nation. >> they will not collect our ransom in exchange for not crashing the american economy. what i will not do is to have that negotiation with the american people. we're
, it is yours. connell: congress set to make a move on the debt ceiling. art laffer is coming up. dagen: playing some defense. the jpmorgan ceo lashing back at critics. more regulation is needed. connell: testifying on the benghazi attack and why moore could not have been done to save americans who died in libya. we will talk about that. dagen: stocks now and every 15 minutes. nicole: we are seeing the dow and the s&p hitting five-year highs. we are in quite an environment. nowhere near that 6500 mark where we were for the dow. we have seen a lot of names on the dow doing well today. microsoft, united, disney. we have had earnings season. we are all waiting on the debt ceiling and, obviously, that is something that looms over. google is up 6% now. as we await each one, it certainly can be a market moving event. after the bell, we will have apple and netflix. dagen: ridge edson is standing by on capitol hill with much more. rich: nothing is really set in stone. this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a budget resolution
of the debt ceiling. we're going get to the fight on the sequestration and hold the line on the sequestration. it's a promise that our leadership is making to us. and as long as they keep that promise, i think many conservatives are going to be okay with that. then if we when we get to the debt ceiling fight, we're going to ask for at the minimum the one for one cuts that comes from the boehner rule for any long-term debt keeling extension. so if we look at that, it means that in ten to fifteen years, with very little help from the democrats question actually achieve a balance budget. which is much better than the 23 to 27-years thapt paul ryan budget gave us. and much better than the never-balancing budget that obama and the democrats have proposed for the last four years. so you look at all the data out there, all of the public opinion polls say that the american people think we're spending too much money. that the american people think that we are tackings too much. the problem is as republicans i think it goes to representative said as republicans we have seen as the party of big business
on than to fight over the debt ceiling which of course could threaten a default on the nation's obligations so we do expect this vote within the next couple of minutes here to pass by republicans, then it will go over to the senate side and the white house has signalled they might in fact sign it but i will leave that to john mar wood. tyler? >> let's get to the white house and senate reaction. chief washington correspondent john harwood has that part of the story. the white house, john, as eamon just said, signalled that the president would go along with this motion out of house. yes it would, senate leaders talking about this yesterday on the air. and i'm told that democratic leaders hope in favor of this. democrats please bid this development because it has broken the link between a dollar for dollar amount of spending cuts to go with the increase in the debt limit. in fact one democratic aid told me yesterday that the decision by republicans to say that the debt limit will not apply during this period sets a precedent that they it will be difficult to walk way from. bottom
boehner is taking up the democratic position and urging his party not to fight over the debt ceiling. could it be that the spirit of compromise is visiting boehner's rightward flank? no. here's the fine print. rather than raise the debt ceiling, the bill temporarily suspends it. meaning a vote will be held at some future point to determine whether to pay off the debt retroactively. secondly, this is a larger scheme to move the battle over the deficit and spending to a place where the republicans feel they have more leverage. the gop hashed plans for a republican revolution. politico report s speaker john boehner, using paul ryan as his salesman, urged his members to make their stand on the budget and sequesters. jake sherman writes, in roughly 48 hours, the republicans went from defense to offense and retreated to the debt ceiling must be matched by spending cuts. it was the swiftest and most drastic position switch in boehner's speakership. it was not lost on kevin mccarthy who said, "what they'll say after that vote, this is the day of the comeback." maybe if comeback also conotes
and pass a bill to yet another fight over the debt ceiling. the most important aspect of this legislation is though boat and the house today that it surrenders the hostage republicans took in a decoupled for the full faith and credit of the united states because social security and medicare or anything else. this is a clean debt limit increase. we'll set the precedent for future debt ceiling extensions will have to have. by passing this bill, republican joint democrat to say we will not hold the full faith and credit of the united states hostage. we will pay the bills we have incurred. over the last two years, the bipartisan budget control act has been in love is in place of the congressional budget. so folks, please, every time you hear republicans talking about are not having passed a budget, understand it is not true. in fact, republicans voted on the budget control act. they hope this passÉ. it was a law. as senator murray announced today, this year the senate will return to regular order in the budget resolution to the senate floor. the house republicans had to add a gimmick or to t
a fight around the debt ceiling? do you think we'll have a disruption around this inability to compromise? >> i know nothing more than you other than what i read in the paper today and it seems like they are already starting to. could mice by pushing it out and asking for a budget which i think all seems rational and compromise by the way so i applaud them. >> what does your gut tell you about all the money moving into stocks recently? had a fantastic early 2013. do you think this is sustainable? >> the economy grows it's sustainable, and i still think you can buy american companies at pretty good prices. these are some of the world class companies, you know, not just american companies, european and japanese and chinese companies, but you are still buying at fairly good prices and the alternatives aren't that good, yeah, i'm comfortable owning stocks right now. >> are you saying that kind of comfort on the part of investors, the private bank, wealth management? what are you seeing in terms of the sentiment? >> i think, yes, but not -- it's not -- you and i have seen real bull markets, no
the politicians fighting over the debt ceiling looks suspiciously like some of the people he bets against at the poker table. professional poker player matt is here and let's get right to it. one player everyone knows, who do you think the worst bluffer in the whole debt ceiling game? >> well the worst bluffer is where the republicans who are actually threatening not to raise the debt ceiling. in poker the only way a bluff can work, the only way it is credible if the other player actually believes you have a strong hand. but in the case of the republicans here we all know what would happen if they didn't raise the debt ceiling. it would be a total catastrophe. that bluff didn't make any sense at all. at least to their credit they're altering the ultimate solution. melissa: i couldn't disagree with you more. they could shut down the government. it has been done before. >> it is more than shuttings down the government if they don't raise the debt ceiling there are so many people expecting payments veterans, soldiers, the --. melissa: but they get to decide who they pay and they don't. they
hours. this is the week we thought the big fight over raising the debt ceiling was going to get under way. that's something senate democrats haven't managed to do since 2009. no budget, no pay. that is the message from the house republican leader. >> americans believe if you don't do your job, you shouldn't get paid. that's the basis for no budget, no pay. >> reporter: the bill they will be voting on today calls for a temporary suspension of the debt ceiling until mid-may, but it requires the house and senate to craft budgets by april while members' salaries will be held in escrow. paul ryan explains the strategy. >> in the house, democrats and republicans have been leading by offering budgets and offering alternatives. the senate hasn't even done that. all we're saying is let's get the senate in here to do that to see how we're going to figure out the problem not just try it. >> reporter: still it's a big change for republicans. they said they would demand 1 dollar in spending cuts. they changed course at the end of a retreat last week where there were repeated
. >> there's never been a catch on the debt ceiling. congress ran the bills up, congress has to pay th bills. that's been done with presidents of both parties. >> reporter: lawmakers argue that the temporary debt limit suspension only sets the stage for another spending fight this spring. randall pinkston, cbs news, capitol hill. >> and taking a live look at wall street, stocks are up. the dow is up about 78 points. strong earnings reports from google and ibm pushed stocks higher this morning. this afternoon, things are still going strong. >>> the big easy is getting ready for the world stage having the 9ers and ravens playing in the super bowl is great for fans and for the new orleans economy. two weeks out jackson square is almost transformed. small businesses especially local breweries are getting ready for the influx of fans and media. the game is expected to bring some $434 million to big easy businesses. >>> the bowl means big best for farmers, too. the national chicken council estimates americans will consume 1.2 billion chicken wings during
have your battering rams ready for the president? the debt ceiling bustup to come. the republicans making clear they'll fight him all the way on that. i get a sense the president can be as bold and audacious as he wants in this inaugural speech yesterday but you guys aren't going to let him get away with very much. >> he has two problems. one is the republicans won the house of representatives. boehner was elected leader of the house as much as the president was elected to run the executive branch. so he can't pass something through congress without getting a republican house. he has another problem, that's a democratic senate. 20 democrats are up for re-election in 2014. they're not as left wing as he is. they certainly didn't get elected in states as democrat and blue as obama did. so he's asking those guys to go out in front on his tax policies, his spending policies. remember, he just signed to make permanent 85% of the bush tax cuts in dollar terms, 99% of the bush tax cuts in terms of who was affected. these are tax cuts the democratic party has run against for 12 years as a
house. they are open to this short-term extension of the debt ceiling. lawmakers pay is held in escrow after april 15 until the end of this congress and this congress and at the end of 2014. a three-month extension. republicans are hoping to fight another day a few months from now. may 19 the new deadline once it clears the senate and signed by the white house. lori: by april 15, otherwise it goes to escrow. okay. got it. thank you so much. melissa: liz claman talks with richard gelfond about the importance of the international box office to his business. lori: want your own little slice of new york city? the new trend of micro- apartment for a affordability in manhattan. ♪ . ... [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. for exceptional offers ♪ (train horn) vo: wherever our trains g
strong. now interesting note on the republicans. on the other hand they caved on the debt ceiling. so why did they cave on the debt ceiling. we have an expert on that. i think that's really interesting, and what do they plan to do on the budget fights instead. and then there is an unbelievable documentary on how wall street got away with clear criminal action. it's a devastating story. i can't wait to share it. >> jennifer: all right. cenk uygur "young turks" at the top of the hour. thanks, cenk. >> thank you. >> jennifer: now we're going to turn to a story about equality. located in the nation's capitol, washington national cathedral is the sixth largest cathedral in the world, and the second largest in the united states. it was built in 1792. it is magnificent. it has hosted many important events. it is also a place where local d.c. resident goes to pray and baptize their children and get married. and now for the first time in the institution's more than 200-year history, gay couples can officially get married at the cathedral too. here to tell us about this exciti
consistently said he'd refuse to negotiate around the debt ceiling. his strategy is vindicated now that the republicans have backed off their threats to take the nation into a default. the president stared down the republicans. they blinked. >> ifill: congress still faces other fiscal fights. automatic spending cuts are due to kick in on march first, and funding for the government runs out march 27. so, can the republican party use fiscal issues to regain its footing? for more on the political fights ahead we turn to susan page, washington bureau chief for "u.s.a. today." and stuart rothenberg of the "rothenberg political report" and "roll call." chuck schumer just said the republicans brinked. did they blink, susan, and does it matter if they did? >> i think a big recalbraigz on their part. they find themselves on the defensive when it comes to the debt ceiling issue. remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will be on the sweeping spending cut
raising the u.s. debt ceiling, the house effectively kicked the can down the road until may. lawmakers voted to let the treasury department keep borrowing money so the u.s. can pay its bills until then. the bill also withholds lawmakers' pay until may if they don't start a budget. most called that a stunt and voted no. >>> and u.s. cargo jets have flown at least five missions in mali this week. a spokesman tells cnn that the c-17 cargo jets have flown in both french troops and tons of supplies for the fight against islamic insurgents. the u.n. is warning the violence could soon displace up to 700,000 people in mali. >>> bill clinton is heading back out on the campaign trail. cnn has confirmed that the former president will headline a march fund-raiser for arkansas senator mark pryor, who's up for re-election next year. clinton, of course, is an arkansas native, who served 12 years as the governor of that state. >>> and finally, a rough day for serena williams at the australian open. the 15-time grand slam winner broke, wow, you see it there, broke a racket in disgust after blowing a on
around the debt ceiling in the united states? where are you in terms of this uncertainty surrounding what's going on in d.c.? >> well, there's always some uncertainty in d.c. and as will rogers famously said, the country's never safe as long as congress is in session. you never know exactly what congress is going to do. but i think the debt limit issue has been resolved really. we're going to get a three-month extension out of congress. the president will sign that. that will put it on the back burner for three months. a year or two would be better, but i think that would be good for the markets. >> we'll leave it there. good to have you on the program. david rubenstein, ceo of the carlisle group. >>> coming up, we'll talk with the chairman of emp power. we'll get a sense of the french banking system as well as the european situation. >> plenty more to come. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your busine
that they were not going to be able to win a spending cut fight using the debt ceiling vote. >> reporter: the clock is ticking. the country will max out its credit card at $16.4 trillion in several weeks, risking possible default on the nation's debt unless congress okay's more borrowing. the house is considering a short-term fix. lift the debt ceiling for a few months to take the pressure off, but require both house and senate to pass a budget. if they fail, congress would not get paid. >> you can't go for months and months without a paycheck. and what this does is basically says that your pay gets escrowed, put on hold until you pass a budget. >> reporter: trying to turn up pressure on democrats in the senate, who have not passed a regular budget in four years, relying on this comparison. >> didn't exist the last time the senate passed a budget. >> the last time they passed a budget the ipad hadn't even been introduced. >> it is expected a block of conservatives probably will not support this. house leadership hopes that it will pass. it does provide some breathing room. it does not en
through this preliminary skirmish by putting off the debt ceiling for four months or three months, but in the and we're still going to have a budget fight about what is actually in the budget. that is still to come. gerri: to you. >> the good news is we have two other opportunities in which we can address the spending problem. the debt problem of the half. on march 1st the sequester cuts, the automatic spending cuts come into affect. people hold the line, those will be -- [talking over each other] >> a little bit. less than half. that can be adjusted later with an emergency supplemental if there are serious problems. secondly, march 27 the government runs out of money because we have not had the budget the last three or four years. really been operating by continuing resolutions that continue spending at the same level. their i think republicans are on strong ground saying we need to have spending cuts your. not just the rich but social security payers. so i think this is only the third option that we are going to have the debt ceiling. gerri: you're telling me my life could be fi
to service our debt bank. does anybody disagree with the math? >> you are right. if you have a big fight over the debt ceiling, that will push up district -- interest rates. >> if we put our head in the sand and say we never worry about the debt ceiling, at what point time does it come so large, that they say, we will charge you more interest. do we just get to the same problem you are concerned about on the short term? >> i am totally in favor of dealing with the budget. the point is you need a balanced approach. >> it is my time. i have heard the balanced approach for a year and a half. i heard it today. there has been $600 billion of additional revenue as a result of the fiscal cliff negotiations. the balanced approach to me was, if you gave revenue, you have got spending reforms. has the president offered any spending reforms yet? >> we are hoping to see some in the budget. puthen the president's forth his proposal on november 29, and he had a spending reduction of $400 billion. >> $400 billion in relationship to $600 billion of new tax revenue and the president offered for roger billion.
are fresh off the president's inauguration, it is significant. the fight over the debt ceiling in many ways has defined the last two years as far as spending, because republicans have seen it as a way to leverage some of the spending cuts and long-term deficit reduction plans but would like to see democrats eventually accept. today we will have a vote on whether or not to extend the nation's borrowing limit, how much money you can put on the credit card. the way they see it is house republicans want the senate to finally vote on a full budget of their own. it is something the senate has not done for many years. it is seen as a way for harry reid to have the kind of more vulnerable lawmakers on capitol hill from taking some tough votes. anytime you vote on a full budget, there's a lot of stuff in there, so there's a lot of stuff that people can come after you with. kind of the backdrop here is that house speaker john boehner has had some hiccups or headaches lately. it started late last year when house republicans struggled over how to deal with the george w. bush tax cuts. the house wanted
ceiling. we don't want to shut down the government. so, it looks like republicans are fighting among themselves. so this debate is already underway in the republican party. >> yeah. the. >> the president understands this. that combined with the 332 electoral votes he got, i think he is in a stronger -- i think he is in a stronger position now than he has been probably in four years. so he has less incentive now to be mr. nice than he has in quite some time. i think we are seeing that. >> right. i was going to say, i think we see that he senses that as well. >> yeah. >> he feels that he is projecting it. i don't know whether -- i forget whether you were there the day he announced his measures on gun violence for example. >> yeah. >> that was straight o here is what we are going to do. whereas before on so many issues, they might say, you and i both heard robert gibbs and jay carney say we can't push for that because congress has to do it and we don't have the votes if congress. da-da. the assault weapons ban, right thing to do. join the conversation,
, the sequestration was supposed to happen january 1st. punt on that one. debt ceiling, supposed to hit that. now it will be steve 19. there's no austerity. >> what michael is saying in a very long-winded way is don't fight the fed. not fighting the fed. the fed, europe, japan's now with b to go hog wild. >> sure, sure. >> the whole world is printing new money. >> abe, the new prime minister of japan, japan is at least discussing a new quantitative easing scheme for them. they are going to be printing a lot of yen. >> the point is all that tends to be good for assets like stocks? >> very stimulative. europe will have to start printing money as well to deal with their issues so you don't want to fight that liquidity. >> earnings don't matter then? >> earnings do matter. i think probably revenue will matter a lot more than earnings by the end of 2013. earnings matter and fundamentals matter but the backdrop is we know what we think may not be relevant or what bernanke thinks is relative, he'll keep this a liquid environment for the foreseeable future. >> jim bianco, earnings matter. steve's liked t
, that speaks about individual freedom. and to indicate that even as we discuss budget talk and the debt ceiling we must recognize the freedom of the vulnerable to be safe and secure, to be without -- to be having the support to be able to have food and clothing and a home. that is freedom as well, my friends. so we debate the questions of the debt ceiling and whether we have a budget. let us be reminded that freedom is a gift of god and that it should not be denied to those who are most vulnerable, those who are the speak, those who cannot stand for themselves answer the president made it very clear that freedom is not to the powerful, it is for all of us. we all are created equal with certain unalienable rights of life and liberty in the pursuit of happiness. i yield back my time. the speaker pro tempore: the gentlewoman yields back the balance of her time. for what purpose does the gentleman from new jersey seek recognition? the gentleman from new jersey is recognized for one minute. mr. pallone: thank you, mr. speaker. today marks the 40th anniversary of roe v. wade, and ultimately decisions
Search Results 0 to 24 of about 25 (some duplicates have been removed)